Documentary Collections

Documentary collections offer a simple, cost-effective and secure means of trading internationally. If your buyer does not issue DCs, collections offer the next safest alternative to open account trade. During a collection, banks act as intermediaries, ensuring that documents are only released against payment or acceptance. Collections offer the seller comfort that they will not lose control of the goods without payment or the promise to pay. Meanwhile from your buyer’s perspective, collections offer a simple and cheaper alternative to the DC and hence may enable you to negotiate better terms.

Need more information?

For further information, please call our Customer Service Centre on 4 4722 24 or stop by at your nearest HSBC branch.You could also contact us via e-mail.